13-05-2003 23:36									#31
	Browse Apolyton AD-FREE

quote: but there was definitely a near-nil growth in western economies these years

quote: WAS THERE A GLOBAL ECONOMIC RECESSION GOING ON?

	13-05-2003 23:38									#32
	Remove this text

I am not blind Tuome.
I don't know if there was an actual recession, and I'm not the author of the thread's title. I just know there was a considerable slowdown of the growth. The only sure figure that I know is the negative growth in France Q4 2002, which is technically not a recession since we don't know if growth has ben negative in Q1 2003 as of yet.

	13-05-2003 23:41									#33
	Support Apolyton, pre-order Civilization IV

There's a definition of global recession that assumes one when world GDP growth falls below 2 %, or something like that. There hasn't been a year of global GDP contraction, and AFAIK not even two consecutive quarters.

So as usual, it depends on your definition of "recession".

	13-05-2003 23:43									#34
	Support Apolyton, pre-order Civilization IV

I beleive the definition of recession is two consecutive quarters of negative growth so if we summ up the world's GNP and see that total figure fall for two consecutive quarters then wouldn't we be in a global recession?

I don't know if that happened but it seems like a fair way to define it.

	14-05-2003 00:06									#35
	Support Apolyton, buy Civilization 2

That's just _one_ definition of recession, although the most popular.

	14-05-2003 01:14									#36
	Support Apolyton, buy Civilization III: Complete

I don't really care too much about whether there is or not a technical recession. I'm more interested in the unemployment rates and unemployment turnover.

I can't even get job interviews at the moment, let alone a job.

	14-05-2003 01:20									#37
	Remove this text

Hang in there Crunchy. It took me 3 months to find a job and I had to relocate to get it but it's worth it if you can get on with the right company.

	14-05-2003 01:26									#38
	Support Apolyton, buy Civilization: The Boardgame

quote: Originally posted by Boris Godunov ...and the debt bubble.

That one's your problem. Most of the rest of the world realized a decade ago that government deficits aren't good for an economy. You have only George W. to thank for that one, Clinton had a healthy surplus going before he left office.

	14-05-2003 01:28									#39
	Increase the size of your Attachments

Actually we have GWB and a couple of hundred other politicians who keep spending money like there's no tomorrow to blame for this mess.

Sadly, it will get much worse before it gets better.

	14-05-2003 01:31									#40
	Support Apolyton buy from Amazon

quote: Originally posted by Q Cubed as for biotech... like the dotcommers, i don't think that's really going to be that hot. it'll definitely get more respect, but it won't be anything on the mania we saw before when one could say that one was cloning goatfvckers and get a high ipo for it.

That's only looking at from an investor point of view. If some of the potentials start making their way into our everyday lives, it can have dramatic effects on our entire way of life.

	14-05-2003 01:38									#41
	Support Apolyton

quote: Originally posted by Oerdin Actually we have GWB and a couple of hundred other politicians who keep spending money like there's no tomorrow to blame for this mess. Sadly, it will get much worse before it gets better.

It's a matter of leadership and GW is pretty much leading the pack as far as cost overruns are concerned. "Yeah, a few billion for a dubious missile shield? No problem!" and other like minded adventures.

	14-05-2003 01:41									#42
	Get a bigger avatar today!

quote: Hang in there Crunchy. It took me 3 months to find a job and I had to relocate to get it but it's worth it if you can get on with the right company.

I'm in month 5 of searching now. The most depressing thing is that of the 50 or so largest chartered accountancy firms in the UK(and as many smaller firms as I could find in the local Yellow pages), that I sent speculative enquiries to, asking if they would be able to take me on for a year to complete my studies and CA training, half didn't reply and of those that did the standard reply was that they were no vacancies for someone with my experiences. If accountancy firms aren't going to recruit me what hope have I got that anyone else will!!

Looks like I'm back to university in the Autumn.

	14-05-2003 02:03									#43
	Support Apolyton or Terrorists Win

Mr Yen says not so fast on the champagne. We are entering a period of deflation.

http://news.ft.com/servlet/ContentS...p=1012571727092

	14-05-2003 02:35									#44
	Support Apolyton

quote: Originally posted by Big Crunch I'm in month 5 of searching now. The most depressing thing is that of the 50 or so largest chartered accountancy firms in the UK(and as many smaller firms as I could find in the local Yellow pages), that I sent speculative enquiries to, asking if they would be able to take me on for a year to complete my studies and CA training, half didn't reply and of those that did the standard reply was that they were no vacancies for someone with my experiences. If accountancy firms aren't going to recruit me what hope have I got that anyone else will!! Looks like I'm back to university in the Autumn.

I'm not sure about accounting but in my field (geology) there are a number of professional organizations were every body goes to hob-nob and drink beer with other people in the field. I got numerous leads just by going to these meetings and making sure everybody knew I was looking for a job. Also to get my last job (not the one I'm at now) I ended up taking a manual labor position that was way below my level of expertise just because I knew I'd be working with other people in the field. As it turned out one of them was really nice and gave me the inside leg up on a job which wasn't even advertised.

Think of looking for a job as being your job and make sure you spend several hours a day actively looking and not just surfing the net or playing video games. Best of luck.

	14-05-2003 02:39									#45
	Enter the AD-FREE zone

quote: Originally posted by DanS Mr Yen says not so fast on the champagne. We are entering a period of deflation. http://news.ft.com/servlet/ContentS...p=1012571727092

Businessweek has a great piece on this in their current issue. The indicators are actually mixed because old style manufactured goods are deflaiting (things like cars, furniture, clothes) due to increased global competetion while services are actually increasing sharply in price.

It seems most of the propundits of deflation are only talking about it because the Japanese went through (and are going through) deflation after their bubble burst. Personally, I don't see the US as having the same sort of structural weakness that Japan had/continues to have.

	14-05-2003 02:39									#46
	Help yourself to an AD-FREE life

I'll believe that when I have a decent job...

	14-05-2003 04:00									#47
	Support Apolyton, buy Civilization III: Complete

quote: Originally posted by DanS Mr Yen says not so fast on the champagne. We are entering a period of deflation. http://news.ft.com/servlet/ContentS...p=1012571727092

Mr. Yen says we need to live with a little deflation? I don't think so. We maybe headed down that road, but I think we should try to avoid it by any means. I give monetary a 50% if it's used according to the situation that we are in.

	14-05-2003 04:02									#48
	Support Apolyton or Terrorists Win

There's a rumor that the fed is going to try to talk down the dollar thus making imports (the primary cause of the deflation in manufactured goods) a bit more expensive. Hopefully, that will help fight off deflation and give a nudge to the countries exporters.

	14-05-2003 04:15									#49
	Got spare money?

quote: Originally posted by Oerdin There's a rumor that the fed is going to try to talk down the dollar thus making imports (the primary cause of the deflation in manufactured goods) a bit more expensive. Hopefully, that will help fight off deflation and give a nudge to the countries exporters.

That seems as though it would be counter productive. We need to boost demand all over the world so prices will stop falling and companies will start making more profit. Falling prices of some goods aren't the problem. It's that consumers need to spend the money they are saving from the lower prices on other goods or services. When the value of the currency starts rising it becomes more likely that they will save that money instead of spend it.

	14-05-2003 20:28									#50
	Import prices falling Increase the size of your Attachments

Here is today's report on import prices.

Attachment: chart-3.gif
This has been downloaded 38 time(s).

	14-05-2003 23:24									#51
	Support Apolyton buy from Amazon

NICE CHARTS DO NOT AN ECONOMIST MAKE, MY YOUNG PADAWAN LEARNER

	14-05-2003 23:27									#52
	Avatar Enlargement: We've got the solution

The UK is reporting a drop in the unemployment rate today. There is no word if these people found jobs or if they just gave up or had their benifits run out.

	14-05-2003 23:33									#53
	Support Apolyton, buy Alpha Centauri

W00t! the Israeli economy grew at 2.5% annual rate at Q1!

	15-05-2003 00:12									#54
	Support Apolyton, buy Alpha Centauri

quote: Originally posted by Saras NICE CHARTS DO NOT AN ECONOMIST MAKE, MY YOUNG PADAWAN LEARNER

A nice chart makes just a nice chart. ty